Reuters - Morgan Stanley said on Tuesday its deal to sell up to 24.9 percent of its voting shares to Japanese bank Mitsubishi UFJ Financial Group (8306.T) was on track to close "imminently", sending its shares rebounding from earlier lows.

Reuters - Wells Fargo & Co is likely to get about 75 percent to 80 percent of Wachovia Corp's deposits, while Citigroup is likely to get closer to 20 percent to 25 percent of the deposits, a person briefed on the matter said on Tuesday.

AFP - The sell off on the world's stock exchanges continued in Asian markets Tuesday, as governments scrambled to shore up confidence and stem the turmoil caused by the global financial crisis.

Reuters - Stocks slid for a fourth straight day on Monday, leaving the Dow below 10,000 for the first time in four years, on fears the global economy was hurtling into recession despite government efforts to contain the fast-spreading financial crisis.

Reuters - Bank of America Corp, citing "recessionary conditions," on Monday halved its dividend and said it would sell at least $10 billion in new common stock to bolster its capital to offset rising loan losses.

Reuters - World stocks fell again on Tuesday and sterling hit a 2-1/2 year low after talk of government funding hit UK banks, erasing gains in the benchmark index made after Australia's surprisingly large interest rate cut.

Reuters - Western governments and central banks faced demands for coordinated action on Tuesday after Australia responded to the escalating global financial crisis by cutting its interest rates sharply.

AP - Hundreds of thousands of new cars and trucks that would have quickly made their way to people's driveways a year ago are now stacking up on dealer lots across the country, with potential buyers worried about whether they'll keep their jobs, be able to pay for gas, or qualify for a car loan.

AFP - The Federal Reserve and the US Treasury announced measures Monday to confront a rapidly escalating financial crisis under new emergency powers as panicked investors fled stock markets.

Reuters - Richard Fuld, the disgraced head of Lehman Brothers , said he took full responsibility for his actions ahead of the downfall of the 158-year investment bank, but said U.S. regulators knew exactly what the firm's liquidity was and how it was pricing its distressed assets in the months before its collapse.

Reuters - Oil dropped $6 to below $88 a barrel on Monday on expectations the growing financial crisis will further slow already faltering global fuel demand.